I have written a lot in recent months about the shortage of homes for sale in the Austin area, most recently in The Austin boom continues …. I also noted in Home price increases … it’s not just us that the price escalation that is driven by that shortage is not unique to Austin and Central Texas. This article from Inman outlines this as a problem across the United States:
Inman also forecasts that changing the situation will be difficult but offers some important recommendations. I agree with the recommendations, and I suggest that this is our “new normal,” maybe for a long time to come.